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Jan 22, 2013
01/13
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at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the treasury to pay the nation's bills through at least may 19. darren gersh, "n.b.r.," washington >> tom: the u.s. housing market had a quiet end to its best year since 2007. sales of existing homes fell unexpectedly in december by 1% down to a 4.94 million annual rate. analysts note the drop in sales is not entirely bad news because there were fewer homes on the market. inventories are at their lowest level in seven and a half years. sales were up in the northeast and western u.s. while they fell in the midwest and south. for the entire year, existing home sales saw their best year since 2007. >> tom: julia c
at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the...
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Jan 22, 2013
01/13
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it is expected to pass tomorrow, an effort to push off this debt ceiling to date. something that would have really expired in a matter of weeks for another couple of months. i think we will be doing this in may, so your kid is graduating from school into a nightmare. same time, same place. same bat channel. to the flight amid the tax threat. you hear about this -- those in power don't like being taxed. so former french president out of power, nicholas sarcozey and his wife are considering fleeing frarch. phil mickelson saying the same thing. the democratic leaders here better take note, if they have the money, they will run. there are reasons for both of these guys to bring back their remarks, as you know. but they do follow a trend of folk who is have means who are saying the government -- and governments are going too far. do they have a point? >> well, i think they definitely a point, neil. economics is a very dynamic social science. there is a latin phrase that means, all things being the same. the democratic policy approach is everything's the same. we can inc
it is expected to pass tomorrow, an effort to push off this debt ceiling to date. something that would have really expired in a matter of weeks for another couple of months. i think we will be doing this in may, so your kid is graduating from school into a nightmare. same time, same place. same bat channel. to the flight amid the tax threat. you hear about this -- those in power don't like being taxed. so former french president out of power, nicholas sarcozey and his wife are considering...
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Jan 22, 2013
01/13
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FBC
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coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. - ♪ 'cause people got me questioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a beer life. >>> from our fox business stios in new york, here, again, is gerri willis. gerri: well, not wasting a second of the second term, president obama making it clear who is in charge the next four years laying out a bold agenda in the inaugural address. that's how i read it. with more, maryann marsh, a democratic strategist, and rich lawry, editor of "the national review. " whato you think of the speech? >> audacious. one, it was an u
coming up, will the debt ceiling debate delay your tax refund? next in the president obama has begun his second term by declaring the possibilities are limitless. our political panel takes a look at the next four years. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. - ♪ 'cause people got me questioning ♪ ♪ where...
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Jan 22, 2013
01/13
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he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting at a community college in houston, texas. there's going to be a news conference from the sheriff there. we'll update you with what is going on. humans. even when we cross our t's and dot our i's, we still run into problems. namely, other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where, if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. and
he was clearly referring to the fact that they've moved off the fight on the debt ceiling a few months. he believes he can deal with them and, as you heard, get some kind of grand bargain. i need to be convinced of that, wolf. >> part two of your interview coming up later. >> he tells us, how does he know when the president is mad at him. >> interesting to see that. thank you. good work. >>> in a moment, the latest on the breaking news we've been following a shooting...
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Jan 22, 2013
01/13
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they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to take up a bill tomorrow afternoon to extend the debt ceiling, not just to april 15, but to may 18. they are going to do it with a mechanism that would allow them in effect to suspend the debt ceiling, not even to raise it making it easier for conservatives to vote for it and senate democrats say they plan to take up that proposal and expect to pass it by an overwhelming margin sometime within the next week or so. now, jay carney at the white house today for his part said we wouldn't a longer term extension than that but the president is not going to block thi
they are teeing off this new debt ceiling bill. john boehner will be housing a meeting with key republican leaders at 5:00 p.m. eastern time. >> reporter: >> that's coming up and john harwood is here with a preview before that meeting. >> reporter: interesting to see how john boehner describes it, but there are some signs that the whole debt ceiling threat as a source of instability for markets and the economy may be melting away before our eyes. house republicans are going to...
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Jan 22, 2013
01/13
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house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they haven't done in four years -- pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view the vote as an opportunity to raise more money for taxes. >> it's going to be a great opportunity for us. in our budget we lift budget reform which many of my republican colleagues like, but it's going to include revenues. >> reporter: the house is expected to approve the debt limit increase tomorrow. no dollar amount specifically is in the bill, but the legislation is expe
house gop members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling has raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. i think we realize the president won the election. >> reporter: but republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a highe debt limit, they want senate democrats to do something they...
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Jan 22, 2013
01/13
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melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares re, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with tha
melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep....
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Jan 22, 2013
01/13
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so instead of saying the debt ceiling is here, we're not going to move. you're saying we're moving ahead of the crisis. can you get a budget together in three months? is that possible? >> it is. in fact, you're required by law to have it ready by april 1. the bum jet should be completed by april 1. let me take a step further if i may and that is what's the purpose of having a budget committee if they're not budgeting? you we pay that committee $15 million every bienyum to do their budget? why don't we get rid of them if they're not doing their job? we pay them more money than veteran affairs and they don't even do their job. i would be the first to proposal the budget committee if they're not doing their job. >> brian: thanks for shaking up the place. >> thanking for having me on. >> brian: i can't wait to have you in the aftermath. hopefully it will be a big thumbs up. >> thank you. >> brian: straight ahead, he founded the weather underground. the group that bombed the pentagon. perhaps not the best person to deliver a keynote address to teachers. the de
so instead of saying the debt ceiling is here, we're not going to move. you're saying we're moving ahead of the crisis. can you get a budget together in three months? is that possible? >> it is. in fact, you're required by law to have it ready by april 1. the bum jet should be completed by april 1. let me take a step further if i may and that is what's the purpose of having a budget committee if they're not budgeting? you we pay that committee $15 million every bienyum to do their budget?...
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Jan 22, 2013
01/13
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CNBC
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call it debt ceiling spackle. why the newest development in the debt talks is much to do about nada. don't worry, everything's fine. one analyst who says don't bail on boeing just yet, tand why por phil mickelson is ready to pack his bags and get out of dodge. also a change is coming into your atm. >>> there are no big moves in the markets, but the dow touched its highest intraday level in over five years. it is on its best monthly gain since january of 2011, and part of this move is being fueled by historic highs for the dow transports for the fifth straight session. let's get straight down to courtney reagan on the floor of the nnysc. >> we are seeing the dow outperform, making it the fifth way that the transport also hit the historic highs. we have seen this pattern of the transports outperforming the industrials since the middle of december. airlines gained the most, up about 28% since the november 16th low. but if we look at stocks overall, you mentioned t not a super exciting day from the onset. we moved in
call it debt ceiling spackle. why the newest development in the debt talks is much to do about nada. don't worry, everything's fine. one analyst who says don't bail on boeing just yet, tand why por phil mickelson is ready to pack his bags and get out of dodge. also a change is coming into your atm. >>> there are no big moves in the markets, but the dow touched its highest intraday level in over five years. it is on its best monthly gain since january of 2011, and part of this move is...
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Jan 22, 2013
01/13
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in fact, we have a debt ceiling vote tomorrow. we're not voting to raise the debt ceiling, mr. speaker. we're voting to suspend it. i think this is bad policy because i think that markets, business people and everybody else needs to know that the congress is going to stand by the credit rating and the debts of the american people. we're not going to default. we shouldn't threaten that we are, mr. speaker. it's bad. it's not a good thing to do. mr. speaker, it's important for the american people to know that when we talk about raising the debt ceiling, congress is not approving new spending. we're not borrowing -- we're saying that we're going to pay the bills on debts we already acquired. mr. speaker, it's kind of like this. if you have a family and somehow you have a mortgage to pay, you've already obligated to pay a mortgage, now, if you don't have the money for your mortgage, you may have to go to your cousin, your brother, your uncle and say, i need you to help me until next week so you can pay the mortgage. now you borrow money to an obligation you already owe. and if you
in fact, we have a debt ceiling vote tomorrow. we're not voting to raise the debt ceiling, mr. speaker. we're voting to suspend it. i think this is bad policy because i think that markets, business people and everybody else needs to know that the congress is going to stand by the credit rating and the debts of the american people. we're not going to default. we shouldn't threaten that we are, mr. speaker. it's bad. it's not a good thing to do. mr. speaker, it's important for the american people...
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Jan 22, 2013
01/13
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. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt, we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> reporter: senate democrats view a budget vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity. in our budget that we will pass we'll have tax reform, which many colleagues like but it will include revenues. >> reporter: the house is expected to approve the debt limit increase tomor
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised. it's a move the president has demanded. >> i do believe it is a recognition of political reality. we realize the president won the election. >> reporter: republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve...
SFGTV2: San Francisco Government Television
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Jan 22, 2013
01/13
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ceiling controversy in washington. >> my favorite book just recently, and i tell you it is $9.95 on amazon, is president kennedy's book called "nation of immigrants." it was written in the early 1960's. it will take you a couple of hours to read it again. it is a fabulous book and makes you realize that nothing has changed in the last 50 years. he talks about why we are a nation of immigrants and why that has been the strength of america. so, yes, we are all a nation of immigrants. we should remember that in these debates. but florida has an interesting process, something the all states should adopt, but every 20 years, a group of 30 citizens are awarded by the governor, the speaker of the house, the senate, supreme court, to rewrite florida's constitution, every line of it. it does not go to the legislature. all those pesky lobbyists out there do not get a chance to lobby one way or the other. goes right to the citizens of the state. took us two years to do that. we look at these issues. in florida's constitution, a quality education is now in the florida constitution. i do believe
ceiling controversy in washington. >> my favorite book just recently, and i tell you it is $9.95 on amazon, is president kennedy's book called "nation of immigrants." it was written in the early 1960's. it will take you a couple of hours to read it again. it is a fabulous book and makes you realize that nothing has changed in the last 50 years. he talks about why we are a nation of immigrants and why that has been the strength of america. so, yes, we are all a nation of...
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Jan 22, 2013
01/13
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guest: the debt ceiling is set to expire $6.4 trillion. we need to raise the nation's are one limits. republicans do not like that idea without having spending cuts. they have come up with a plan to extend it for a few months until may. if the democrats in the senate have not reduce a budget with spending cuts, they will set aside the pay of members of congress. it is a tricky maneuver on their part. their goal is to get senate democrats to pass this. the senate has been unable to pass a budget for the past four years. it will be a days off between the parties over the debt limit. we will get a good look at that legislation. host: senate democrats said they will pats a budget. guest: it may not include the spending cuts republicans are looking or. host: larry, san diego, democratic caller. caller: i disagree with your host that after 18 months or two years obama will no longer be effect it. -- effective. when that the house. he may be able to do more in his last two years and his last four years. guest: if the democrats can take back the h
guest: the debt ceiling is set to expire $6.4 trillion. we need to raise the nation's are one limits. republicans do not like that idea without having spending cuts. they have come up with a plan to extend it for a few months until may. if the democrats in the senate have not reduce a budget with spending cuts, they will set aside the pay of members of congress. it is a tricky maneuver on their part. their goal is to get senate democrats to pass this. the senate has been unable to pass a budget...
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Jan 22, 2013
01/13
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they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term extension of the debt ceiling. but a white house spokesman said today the president will accept a short-term bill if it reaches his desk. without an extension, the government could run out of money within a month. a deep freeze lingered in the upper midwest today with temperatures dropping in some places to minus 30 fahrenheit. wind chills made it even worse. across the region, people bundled up to face the cold, and some schools closed. frigid arctic air swept down from canada last saturday. authorities attribute at least three deaths to the weather so far. american military transport planes have joined the french effort to repel islamist rebels in mali. pentagon spokesman george little confirmed today that u.s. c-17's have flown five missions to the african nation in recent days. they ferried more than 80 fren
they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term extension of the debt ceiling. but a white house spokesman said today the president will accept a short-term bill if it reaches his desk. without an extension, the government could run out of money within a month. a deep freeze lingered in the upper midwest today...
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Jan 22, 2013
01/13
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FBC
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coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. it's a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. ll your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged
coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. it's a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct...
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Jan 22, 2013
01/13
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. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt limit, they want senate democrats to do something they have not done in four years, pass a budget. >> for us to have a debate about spending and debt we've got to have the focus be on a budget and what we're going to do to achieve a balanced budget over time. >> senate democrats view a vote as an opportunity to raise more money through taxes. >> it's going to be a great opportunity for us, because in our budget that we will pass, we will have tax reform which many of my republicans like but it will include revenue. >> the increase will likely happen tomorrow. >>> one other provision of the debt limit
. >> reporter: republicans are offering a compromise on the debt ceiling, house g.o.p. members are backing off a requirement to cut $1 of spending for every dollar the debt ceiling is raised, a move the president has demanded. >> it's believe it's a recognition of political reality. we realize the president won the election. >> republicans on capitol hill are not voting to raise the debt ceiling without getting something in return. they say in order to approve a higher debt...
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Jan 22, 2013
01/13
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ceiling, gun control and how to get congress to work together. we'll get to that. but last night it was all about celebrating the second term of the 44th president of the united states of america. nbc's steve handelsman has more. >> reporter: they wowed the crowd at the inaugural balls. president obama in white tie but first lady michelle obama in a ruby red gown by jason wu. this was the ball for the military. >> i have no greater honor than being your commander in chief. >> reporter: it had been an obama family day. malia and sasha, dad and mom. as america paid tribute. an inaugural parade that showed off the nation's talent and diversity. >> i, barack hussein obama, do solemnly swear. >> reporter: the presidential's ceremonial swearing-in witnessed by as many as 1 million people. >> congratulations, mr. obama. >> reporter: mr. obama urged cooperation, rare now in washington, to cut health care costs and the deficit. >> but we reject the belief that america must choose between caring for the generation that built this country and investing in t
ceiling, gun control and how to get congress to work together. we'll get to that. but last night it was all about celebrating the second term of the 44th president of the united states of america. nbc's steve handelsman has more. >> reporter: they wowed the crowd at the inaugural balls. president obama in white tie but first lady michelle obama in a ruby red gown by jason wu. this was the ball for the military. >> i have no greater honor than being your commander in chief. >>...
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Jan 22, 2013
01/13
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FBC
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but republicans decided not to make the debt ceiling a big issue. was a three budget extension and a month supporter of no pay with no budget but we need to focus on spending. it is a problem but we do need more investment was critical infrastructure but they have to be coupled with a concrete and forceful proposal to deal with deficits. neil: hope springs eternal as they went to the party of president has been reelected to undo what bill clinton tried to do not big government as the enemy but efficient doing the will of the people without wasting the money but this president might be the most liberal since fdr not to know if his way is the right way but it could be his way or the highway. we will see you tomorrow.
but republicans decided not to make the debt ceiling a big issue. was a three budget extension and a month supporter of no pay with no budget but we need to focus on spending. it is a problem but we do need more investment was critical infrastructure but they have to be coupled with a concrete and forceful proposal to deal with deficits. neil: hope springs eternal as they went to the party of president has been reelected to undo what bill clinton tried to do not big government as the enemy but...
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Jan 22, 2013
01/13
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the budget, the most immediate problem, tomorrow the house is voting on this extended debt ceiling and this is to avoid a confrontation in the short-term, but the large ers issues remain. >> that was quite a performance saying don't go there. i got this one, and they backed away. that has been lost in the excitement over the last couple of days. it just gets kicked down the road, and can you tell from his speech yesterday that he has -- the democratic coalition is in no mood to give an inch on spending, and it remains the big problem whether you really, democrat or republican, on the budget because it was unaddressed in the last round. you can tell the republicans want to get at it. if that was a sign of compromise yesterday, it was the shortest one sentence sign that i have ever seen. so a fight is come. >> a fight is coming, and we all know that you can not do it without dealing with the main entitlements. there is no way -- >> well, that's exactly right. >> there is no way at this stage without -- >> dealing with that. in that speech he made it very clear where he said -- >> he is n
the budget, the most immediate problem, tomorrow the house is voting on this extended debt ceiling and this is to avoid a confrontation in the short-term, but the large ers issues remain. >> that was quite a performance saying don't go there. i got this one, and they backed away. that has been lost in the excitement over the last couple of days. it just gets kicked down the road, and can you tell from his speech yesterday that he has -- the democratic coalition is in no mood to give an...
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Jan 22, 2013
01/13
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what she has to say about the debt ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> shares of research in motion are up sharply this morning, after the ceo said the ongoing review could potentially leetd to the sale of its handset business. plaque berry upgrades alone could in fact drive themes. the question in terms of if they do license their software platform, jim, who would they license to, since knockia is with microsoft, and samsung, motorola with android, so who is left to license w
what she has to say about the debt ceiling standoff. >>> what a week it is going to be. "squawk on the street" is back in a minute. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock....
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Jan 22, 2013
01/13
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FOXNEWSW
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they will hit the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent upon this. if either chamber of congress fails to pass a budget by april 15th. all income earned by members of that respective chamber would be settle aside. no budget, no pay. republicans ha been frustrated by the senate's failure to pass a budget the last four years. in his inaugural address yesterday some say the president set a not so conciliatory tone about the debt ceiling and other impasses with the gop-controlled house. >> we can not mistake absolutism for principle or substitute speckel for politics, or treat name-calling as reasoned debate. >> reporter: couple blocks away at a breakfa
they will hit the debt ceiling mid-february. this pushes this whole thing back a couple months. doug mckelway is live in washington with the story. doug, surprise, surprise, right? >> reporter: surprise, surprise, martha. this is the no budget, no pay bill. it would suspend the debt limit until may 19th at which time the debt limit would automatically increased beyond the present $16.4 trillion to accommodate whatever the u.s. borrowed at that time. it makes the extra borrowing contingent...
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Jan 22, 2013
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. >>> the president's second term is starting where his first left off, a debt ceiling crisis and paul ryan twisting the facts. the president was quite insistent monday he will not stomach hostage taking nor medicare and social recipients referred to as takers. >> the commitments we make to each other through medicare and medicaid and social security, these things do not sap our initiative, they strengthen us. they do not make us a nation of takers. they free us to take the risks that make this country great. >> and for those who need a quick campaign 2012 refresher, it was quite obvious to whom that phrase, a nation of takers, was directed at. >> we can become a society where the net majority of americans are takers, not makers. we're going to a majority of takers versus makers in america. more takers than makers in society. takers versus makers in america. >> could have been listening to ayn rand then. joining us is democratic congressman charlie rangel of new york. >> good to be back with you. >> congratulations on a new congress. in an interview today paul ryan said those comments
. >>> the president's second term is starting where his first left off, a debt ceiling crisis and paul ryan twisting the facts. the president was quite insistent monday he will not stomach hostage taking nor medicare and social recipients referred to as takers. >> the commitments we make to each other through medicare and medicaid and social security, these things do not sap our initiative, they strengthen us. they do not make us a nation of takers. they free us to take the risks...
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Jan 22, 2013
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there's a vote scheduled in the house tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid. we'll see how that vote goes later today. the president laid out a number of things including climate change, gay rights, health care immigration, and it remains to be seen how much of that they will be able to tackle in the second term. >> he better eat his wheaties. time to get done. thank you very much. >>> happening now, fire crews are battling to contain a fire at beale air force base about 50 miles north of sacramento. the fire has been burning for hours. this is what it looked like just last night. firefighters say they now have the fire about 75% contained. it broke out about 2:3
there's a vote scheduled in the house tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid....
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that delays the debt ceiling increase or increases the debt ceiling really until may 19th. it is contingent upon both houses of congress passing a budget or members of congress won't receive their paychecks, something the house votes on tomorrow. back to you. ashley: rich edson in d.c.. rich, thanks very much. tracy: well, president obama touched on many subjects in his inaugural address yesterday including immigration reforms, equal pay for women, and gay rights and climate change but there was one big, glaring omission. he failed to address the nation's current 7.8% unemployment rate. i'm not really sure how you could miss that actually. a big question to the speechwriters with that one. but important milestones coming up in the protracted fiscal negotiations including big vote tomorrow on the house to temporarily extend the debt ceiling now. many americans are wondering what legislators plan to do about jobs. joining us from both sides of the aisle, republican congressman trey gowdy from south carolina and democratic congresswoman jan schakowsky from illinois. congresswo
that delays the debt ceiling increase or increases the debt ceiling really until may 19th. it is contingent upon both houses of congress passing a budget or members of congress won't receive their paychecks, something the house votes on tomorrow. back to you. ashley: rich edson in d.c.. rich, thanks very much. tracy: well, president obama touched on many subjects in his inaugural address yesterday including immigration reforms, equal pay for women, and gay rights and climate change but there...
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Jan 22, 2013
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republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he is using it. part of that speech yesterday talked about taking it to the citizens and having the citizens continue being part of this process and pushing, but you know, with the debt ceiling, i think republicans were actually trying to extend an olive branch and found themselves rebuffed yesterday. if we had said pick the most controversial, divisive issues in the country right now, they are the issues that president obama chose to speak of yesterday. he's got a state of the union coming up in a couple of weeks. i would have expected that that would be a pla
republicans said we don't want to raise the debt ceiling. president obama said i'm not going to bargain with the debt ceiling and republicans in congress are going to vote to raise temporarily the debt ceiling on wednesday. it seems the president has the upper hand, and maybe that's why his speech was so darned tough. >> well, look, there's no doubt that being the president of the united states gives you the biggest bully pulpit there is in the nation, and i think he realized that and he...
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Jan 22, 2013
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. >> reporter: bottom line republicans recognize this raising the debt ceiling issue isn't a very good one for them. working on deficit and spending budget is better for them. >> reporter: what do democrats say about passing a budget today. >> reporter: chuck schumer said the senate would pass a budget this year. the battle will be over spending cuts and what is included in that very budget. yesterday with the top congress alleaders at his inaugural luncheon president obama called for working together. >> i recognize that democracy is not always easy, and i recognize there are profound differences in this room, but i just want to say thank you for your service, and i want to thank your families for their service, because regardless of our political persuasions and perspectives, i know that all of us serve because we believe that we can make america for future generations. >> reporter: first challenge will be that debt ceiling vote tomorrow the first of many fiscal issues to be tackled in this new term. >> reporter: let the games begin. mike emanuel, thank you very much. what is the lik
. >> reporter: bottom line republicans recognize this raising the debt ceiling issue isn't a very good one for them. working on deficit and spending budget is better for them. >> reporter: what do democrats say about passing a budget today. >> reporter: chuck schumer said the senate would pass a budget this year. the battle will be over spending cuts and what is included in that very budget. yesterday with the top congress alleaders at his inaugural luncheon president obama...
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Jan 22, 2013
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we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we all know and assault weapons ban cannot get through the house. it's not going to get through. it is possible they will get background checks. maybe it very scaled-back versions of what the president was talking about yesterday. but in a full-scale, you will not able to get assault weapons ban through. he will not able to get immigration through in the way progressives would like. so that probably will not happen. but the spending will have to be dealt with. sources will be made, in that sense. host: we're talking about pr
we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we...
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Jan 22, 2013
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he will deal with three fiscal deadlines including raising the debt ceiling, which the house expected to vote on tomorrow. in the inaugural address, he made history as the first president to mention the word "gay" and "gay rights." >> if we are truly created equal surely the love we commit to one another mutt be -- must be equal, as well. >> there will be one more party tonight, the obamas and friends celebrate with campaign and white house staffers at inaugural ball where supposedly lady gaga is performing. >> the president is sworn in on two bibles one from martin luther king and the other from abraham lincoln. traffic and weather, together, next on the abc7 morning news. here is the golden gate bridge, dry as a bone. but maybe, maybe, maybe there is rain in the forecast. >> and a deal to sell sacramento kings so they can move to seattle. the ripple effect that >> welcome back, almost everyone is just a bit warmer than yesterday so we do not have as frost. 32 at concord and fairfield is 31. upper 30's around the bay to 40 in oak and 47 in san francisco. this afternoon, low-to-mid 60
he will deal with three fiscal deadlines including raising the debt ceiling, which the house expected to vote on tomorrow. in the inaugural address, he made history as the first president to mention the word "gay" and "gay rights." >> if we are truly created equal surely the love we commit to one another mutt be -- must be equal, as well. >> there will be one more party tonight, the obamas and friends celebrate with campaign and white house staffers at inaugural...
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Jan 22, 2013
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. >> now congress will focus on the debt ceiling and immigration reform. >> the first family will attend a prayer service at the national cathedral along with the vice-president. congress returns to work. reporting in washington d.c. i'm renee marsh. >> one of the issues will be dealing with a rock. 17 people have been killed and others wounded in iraq in northern bad debt. seven people were killed and six were wounded-a-in northern bad and babaghdad. >> erica will have a complete check on your forecast in minutes. >> we are back. taking a quick look at the market this morning. >> wall street was closed yesterday in honor of martin luther king jr. day. but futures trading shows both the dowel and the nasdaq in the negative while the s&p five what is in positive territory this morning. will be watching the stock market all morning long here on the kron 4 morning news. >> this week investors will be focused on the technology sector. a number of tech giants are set to report earnings today including google , ibm and verizon. >> a report on existing home sales is also expected today. apple i
. >> now congress will focus on the debt ceiling and immigration reform. >> the first family will attend a prayer service at the national cathedral along with the vice-president. congress returns to work. reporting in washington d.c. i'm renee marsh. >> one of the issues will be dealing with a rock. 17 people have been killed and others wounded in iraq in northern bad debt. seven people were killed and six were wounded-a-in northern bad and babaghdad. >> erica will have...
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Jan 22, 2013
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they are going to vote on increasing the nation's borrowing limit the debt ceiling as it is called. okay wednesday they are going to do that vote. the senate pass a budget with spending cuts in it. that is when the kum ba yah the happy talk here on capitol hill may go back to a little more firstier talk. shep? mike emanuel on the hill tonight. perspective what lies ahead for president and the congress. dana perino the white house press secretary for president george w. bush. that's coming up from the journalists of fox news on this monday fox report from the nation's capitol. inauguration night. martin luther king jr. day. it's great to have you with us. just like that. right in the old bucket. good toss! see that's much better! that was good. you had your shoulder pointed, you kept your eyes on your target. let's do it again -- watch me. just like that one... [ male announcer ] the durability of the volkswagen passat. pa down something he will be grateful for. good arm. that's the power of german engineering. ♪ back to you. [ bop ] [ bop ] [ bop ] you can do that all you want, i
they are going to vote on increasing the nation's borrowing limit the debt ceiling as it is called. okay wednesday they are going to do that vote. the senate pass a budget with spending cuts in it. that is when the kum ba yah the happy talk here on capitol hill may go back to a little more firstier talk. shep? mike emanuel on the hill tonight. perspective what lies ahead for president and the congress. dana perino the white house press secretary for president george w. bush. that's coming up...
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Jan 22, 2013
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there's really important things he's working on, including the next big discussion on the debt ceiling. >> and it has always been true that good policy makes good politics. so if he does want to run for president, taking care of his policy now is probably the best way to do it. >> focusing on being the best vp he can possibly be. >> delaware attorney general, beau biden, thanks for taking the time. i know it's been a busy couple of days. >>> now, what really happened during that four-day hostage crisis in algeria. the very latest on that situation is. coming up next. plus, new signs that russia may be preparing for the collapse of syria's government. >>> but first, today's trivia question. how many presidents have chosen not to swear the oath of office? tweet us, @dalyrundown. the first correct answer will get a follow tuesday from us. that answer and much, much more is coming up on t"the daily rundow rundown". >>> time for the "your business" entrepreneur of the week. kathleen king had a successful business in the hamptons, but a partnership that went sour resulted in her losing it. l
there's really important things he's working on, including the next big discussion on the debt ceiling. >> and it has always been true that good policy makes good politics. so if he does want to run for president, taking care of his policy now is probably the best way to do it. >> focusing on being the best vp he can possibly be. >> delaware attorney general, beau biden, thanks for taking the time. i know it's been a busy couple of days. >>> now, what really happened...
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Jan 22, 2013
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the focus shifts to pressing issues including the debt ceiling, gun control and immigration reform. however, today both the present and the first lady along with the items will attend the national prayer service at the national cathedral. the white house will hold a press briefing today as well as congress returns to work. >> marin county went ahead with its firearm surrender even despising having run out of money during a similar event last week. as i was a voluntary surrender some money was handed out. 29 of for given our law enforcement and collection site in mill valley including one ar-15 assault rifle. more than 800 weapons were handed over from both events and they're expected to be destroyed. the district attorney says the marin county foundation has pledged to give his office $15,000 to help them reimburses $60,000 in vouchers given out last week. private citizens have also built at an estimated $2,000 in checks to donate to the cause. >> coming up on the kron4 morning news the investigation into the bowling dream liner continues with more tense today. and if you're traveli
the focus shifts to pressing issues including the debt ceiling, gun control and immigration reform. however, today both the present and the first lady along with the items will attend the national prayer service at the national cathedral. the white house will hold a press briefing today as well as congress returns to work. >> marin county went ahead with its firearm surrender even despising having run out of money during a similar event last week. as i was a voluntary surrender some money...
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Jan 22, 2013
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tomorrow, they're going to introduce their bill, vote on their bill to extend the debt ceiling for three months, give themselves a little running room, but this is a president who is going to be aggressive about his agenda. he didn't just talk over republicans, he went right after them, talking about takers, s saying that's not what social security and medicare are, a jab not only at mitt romney but paul ryan, who he will be dealing with. >> when you have a guy who has bullied you in the schoolyard for four years and you finally fight the bully and you beat them like he just did in this election, you're not as afraid of the bully as you was or at least cautious. i think they bullied this president. he went to the mat and re-elected with a wider margin than george bush and saying the bullying is over. we're either going to fight or work together. >> the problem is both sides feel like they were bullied over the past four years and they've got to figure out how to work together over the next four years. i want to talk about yesterday with you quickly and open it up. it struck me as a son o
tomorrow, they're going to introduce their bill, vote on their bill to extend the debt ceiling for three months, give themselves a little running room, but this is a president who is going to be aggressive about his agenda. he didn't just talk over republicans, he went right after them, talking about takers, s saying that's not what social security and medicare are, a jab not only at mitt romney but paul ryan, who he will be dealing with. >> when you have a guy who has bullied you in the...
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Jan 22, 2013
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. >> congressman, you're going to vote on the debt ceiling. when you make that vote most people believe it's a concession, and you have a new legislative strategy. do you believe you will be able to force a budget by april 15th? >> well, i think the american people expect a more accountable, effective and efficient government. the number one thing all elected officials to do to pass a budget, every household does it. how can you plan for the future how can you do anything the president says he wants to do about investing in the future if you don't have a budget? you can't invest for your kids' college, you can't set aside what you're going to pay for your house payment or anything. the government has to pass one and the senate has not passed one in almost four years. that has caused a lot of the debt and the uncertainty we have today. >> what's going to happen in the house that will force the senate to pass the budget. >> the first thing that will happen is we'll do a short term debt limit increase so it will go to the senate and if the senate
. >> congressman, you're going to vote on the debt ceiling. when you make that vote most people believe it's a concession, and you have a new legislative strategy. do you believe you will be able to force a budget by april 15th? >> well, i think the american people expect a more accountable, effective and efficient government. the number one thing all elected officials to do to pass a budget, every household does it. how can you plan for the future how can you do anything the...
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Jan 22, 2013
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congresses and handle the and whether the president and raise the debt ceiling without congressional approval. live coverage begins at 9:30 eastern on c-span3. >> from the very start, organize militaries have always spent a lot of their time fighting and conventional, your regular warfare. you know what? those terms don't make a heck of a lot of sense. that is one of the big take aways i had from doing six years of reading and research for this book. the way we think about this subject is all messed up. we think that somehow conventional warfare is the norm, the way you modify is to have conventional armies plugging it out in the open but the reality is those of always been the exception. think about more modern world. what was the last conventional war? this is a hard question to answer because it was the russian invasion of georgia in 2008 which didn't last very long and yet all over the world today there are people dying in war whether it is afghanistan or molly or syria or condo or me and our or colombia. all these people are victims being ravaged by unconventional warfare. >> th
congresses and handle the and whether the president and raise the debt ceiling without congressional approval. live coverage begins at 9:30 eastern on c-span3. >> from the very start, organize militaries have always spent a lot of their time fighting and conventional, your regular warfare. you know what? those terms don't make a heck of a lot of sense. that is one of the big take aways i had from doing six years of reading and research for this book. the way we think about this subject is...
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Jan 22, 2013
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think again, the house will vote for a three-month ceiling on the debt seen and comes with a price. g.o.p. leaders said they would vote for the extension, but that the measure would also require the democratic controlled senate to pass a budget and if ne do ththey fail that, pay for lawmakers will be withheld. and we've got to look at the house and spending problem. no budget, no pay. joining me now with reaction. congressman david schweiker and walldon. i was skeptical when i heard the republicans are giving in already. i had a couple of discussions this weekend, and some of your colleagues, explain the rational. number within, they say sequestration that's cuts are going into effect and force the president and senate to come one a budget and the senate didn't pass a budget in three and a half years. i liked it more when it was explained to me. is that about right. >> i think it is, sean and about time the senate did the legal responsibility of passing the budget we passed one each the last two years we'ven been in the majority. the ryan plan laid out how to deal with our biggest p
think again, the house will vote for a three-month ceiling on the debt seen and comes with a price. g.o.p. leaders said they would vote for the extension, but that the measure would also require the democratic controlled senate to pass a budget and if ne do ththey fail that, pay for lawmakers will be withheld. and we've got to look at the house and spending problem. no budget, no pay. joining me now with reaction. congressman david schweiker and walldon. i was skeptical when i heard the...
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Jan 22, 2013
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tomorrow, the house is set to vote to extend that debt ceiling deadline until may 19th. elsewhere, earnings reports will likely influence trades today. dupont, johnson & johnson, and ibm all report today. natalie? >> courtney regan at the new tock exchange, thank you. >>> the u.s. education department says it takes more than the standard four years for more than 20% of students to ini finish and get their deemployee mas. they credit the rise in graduation rate for the stiff competition for limited jobs. >>> an analysis of marrs' mclaughlin crater has scientists investigating new evidence that there was water on the red planet. using data from the mars reconnaissance orbiter, it may once have been a lake fed by an underground water supply. the findings are published in "nature geo science" and may push the search for ancient life on mars underground. >>> off-duty police officer in madrid is being credited as a hero this morning after rescuing a woman who fainted and fell on the city's subway tracks. the officer leaped into action and pulled the 52-year-old woman to safety
tomorrow, the house is set to vote to extend that debt ceiling deadline until may 19th. elsewhere, earnings reports will likely influence trades today. dupont, johnson & johnson, and ibm all report today. natalie? >> courtney regan at the new tock exchange, thank you. >>> the u.s. education department says it takes more than the standard four years for more than 20% of students to ini finish and get their deemployee mas. they credit the rise in graduation rate for the stiff...
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Jan 23, 2013
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the debt ceiling can originate in either house. the senate finance committee could generate a debt ceiling proposal. they could do it clean if they wanted to. they could try and embrace some spending reductions. but i think what the house is saying above all else is that they are hoping to act as soon as maybe tomorrow. then it will be incumbent upon the senate democratic majority the function. what is their idea? cleaned with attachments to it as has frequently been the case as the 1950's. we look forward to seeing what senate democrats recommend. we look for dissing with senate democrats recommend. this time for them to function. [inaudible question] >> well, as all of you know, the majority in the senate will determine whether it's in this. i am sure we would be happy to take a look at whatever the majority leader decides to try to bring forward to the full senate related to gun control. we will be happy to take a look at whether the senate majority decides to bring out on to the floor. >> the substance of the president's inaugu
the debt ceiling can originate in either house. the senate finance committee could generate a debt ceiling proposal. they could do it clean if they wanted to. they could try and embrace some spending reductions. but i think what the house is saying above all else is that they are hoping to act as soon as maybe tomorrow. then it will be incumbent upon the senate democratic majority the function. what is their idea? cleaned with attachments to it as has frequently been the case as the 1950's. we...